Announcement Of Acquisition

HPE Acquisition Expands Presence in Intelligent Cloud Operations Market

Announcement of Acquisition

Hewlett Packard Enterprise (HPE) announced on August 15, 2024, that it has acquired Morpheus Data, extending its reach in the intelligent cloud operations market.

Transaction Details

• The transaction is expected to close in the fourth quarter of HPE's 2024 fiscal year.
• Financial terms of the agreement were not disclosed.

Market Expansion

The intelligent cloud operations market is projected to grow significantly, and HPE's acquisition of Morpheus Data positions the company to capitalize on this opportunity.

Morpheus Data's Expertise

• Morpheus Data provides advanced tools and processes for cloud infrastructure management.
• Its expertise complements HPE's existing cloud offerings, enabling comprehensive solutions for customers.

Benefits for Customers

HPE and Morpheus Data's partnership will benefit customers by:

• Providing access to innovative cloud infrastructure management tools.
• Streamlining cloud operations, improving efficiency and reducing costs.

Collaboration and Innovation

HPE and Morpheus Data share a commitment to innovation and customer success.

By combining their expertise, the companies aim to deliver:

• Enhanced cloud management solutions
• Improved agility and performance for customers